Nvidia reported its Q3 earnings which surpassed all analysts expectations. The most amazing result was the rise of data center revenue of almost 55% YoY due to increase of the Artificial Intelligence chips demand.

As you can see from our infographic, Earnings Per Share (EPS) exceeded analyst expectations of $1,11 and reached $1,17. Nvidia's revenue also went above the estimated value, with an increase of 50.3% compared to the year-ago quarter to a new quarterly record of $7.1 billion.

Nvidia stock has climbed 38% in the past month, and after the report was made public it has grown an additional 5%. Over the past year, Nvidia's shares have provided a total return of 118.1%, well above the S&P 500's total return of 29.9%.

The reason behind these remarkable results, according to experts, is the “metaverse race”. Metaverse is a virtual environment seen as the future of the internet and all big tech companies want to be a part of it. Nvidia has a goal to be at the heart of the virtual universe, unveiling platforms, software, and tools in order to make it happen.

Nvidia expects its revenue in Q4 to reach $7.4 billion, with a growth rate of 47.9% YoY.
The next earnings report is expected to become public on Feb. 22, 2022.